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Its provocative kicker states: Much of whats sold as hemp today isnt hemp at all its a mix of synthetic intoxicants and illicit THC masquerading as a legal, natural product. There’s also THCP, THCO, HHC, and others that can’t be made from CBD starter material and thus are outside the legal definition of “hemp.”
The December 2024 totals of $153,249,701.54 finished as the second-highest monthly total since legalization, only trailing December 2023 totals of $153,936,703.20. Illinois dispensaries in December 2024 also recorded the most cannabis products sold in a month at 4,515,972 and the highest in-state-resident sales at $120,76,516.83.
The Illinois Department of Financial and Professional Regulation finally announced Friday recreational cannabis sales totals for April 2024. Illinois sold a record-high number of cannabis items in April 2024, while April sales totals dipped from March’s second-highest monthly total since legalization. February: $135,571,931.44
The Illinois Department of Financial and Professional Regulation finally announced today recreational cannabis sales totals for May 2024. May total items sold, in-state sales, and overall sales totals reached the third-most monthly totals since legalization in Illinois. 2024 total monthly sales include: January: $133,787,753.89
The Illinois Department of Financial and Professional Regulation announced today recreational cannabis sales totals for March 2024. March totals reached $148,872,065.12, the 2 nd highest monthly total since legalization. 2024 total monthly sales include: January: $133,787,753.89 These figures do not include taxes collected.
The Illinois Department of Financial and Professional Regulation announced today recreational cannabis sales totals for January 2024. January out-of-state resident sales dropped to its lowest total since February 2020, the second month of legalization. January 2024 out-of-state resident sales plummeted to $29,739,097.19.
Rather than a ballot initiative , Connecticut, New Mexico, New York, and Virginia legalized the plant for adult-use purposes via a legislative process. They follow in the footsteps of Vermont, which became the first legislative-driven legal cannabis state back in 2018. Legal Cannabis Business Framework .
Welcome back to The Week in Weed, your Friday look at what’s happening in the world of legalized marijuana. Arkansas’ Attorney General gives the go-ahead for advocates to start collecting signatures for a ballot initiative. The House passed a bill that would set up a retail market, similar to those in other cannabis-legal states.
Collectively, the ten dispensaries owe more than $14.4 The Los Angeles Police Department collected bongs, cannabis manufacturing equipment, and furnishings including a snow cone machine, artwork, TVs, cameras, a refrigerator, and other miscellaneous office supplies. It will be held on February 16, 2024, at 777 W.
As we previously reported , on February 22, 2021, New Jersey Governor Phil Murphy signed three separate cannabis reform bills into law ( NJ A21 , NJ A 1897 , and NJ A5342/NJ S3454 ), formally legalizing the use and possession of recreational marijuana in the Garden State. Other jurisdictions are catching up to the marijuana law frenzy.
Welcome back to The Week in Weed, your Friday look at what’s happening in the world of legalized marijuana. Happy 2024 – let’s start the year off with a shout-out to Colorado, where the retail market is celebrating an anniversary. Since that time, the industry has taken in $15 billion in revenue, with the state collecting $2.6
While cannabis legalization moves full steam ahead through much of the Northeast, the southeastern U.S. As such, we thought we’d take a moment to round up the status of cannabis legalization in the South, an area worth watching. Advocates now have turned their sights to the 2024 election cycle.
Over a week after a group of North Dakotans filed a 2024 ballot measure petition to legalize recreational cannabis, the state’s top election official gave the green light for signature gathering to begin, reported ABC News. The New Economic Frontier, a cannabis advocacy committee behind the push, needs to garner. Read More
Cannabis legalisation is the way of eliminating all legal barriers to its use. Legalization of cannabis means that it would still be prohibited, but no one would be prosecuted if they had less than a certain quantity. billion by 2024. billion by 2024. billion by 2024. . The state’s sales reached more than $1.7
Governor Ralph Northam announced appointments to the three newly-created boards that oversee marijuana legalization in Virginia. On July 1, recreational marijuana became legal for adult use in Virginia. Creighton of Richmond, Co-Founder, The Jackson Ward Collective. million in 2024 and $38.4 WTKR reports.
Welcome back to The Week in Weed, your Friday look at what’s happening in the world of legalized marijuana. New Hampshire has a commission to study legalization. SOUTH DAKOTA This week, South Dakota’s Attorney General released a final explanation of the adult-use cannabis legalization measure. Take for example, Rep.
Cannabis legalization is a big hit! Despite what opponents of cannabis legalization have to say about it, it’s working. Cannabis legalization has increased job availability across many legal sectors of employment, including the agricultural industry. Americans have and continue to support cannabis legalization.
These countries have the collective potential to spark economic transformation across the EU, which has been bludgeoned by financial downfalls since the COVID pandemic; GDP sunk 6.3% In 2021, Luxembourg and Malta legalized home cannabis cultivation for personal use. at the end of 2020. billion) by 2027. billion) by 2027.
(KVHT) – The deadline for petitions to put measures on South Dakota’s 2024 ballot, including recreational marijuana legalization, is May 7th. Campaigners, like South Dakotans for Better Marijuana Laws, must collect 17,508 valid signatures from registered voters by then. Read More
Retail sales will not begin until January 1, 2024. The law does not apply to employees who are subject to the provisions of the Federal Railway Labor Act and should not be construed to interfere with any collective bargaining agreement between the employer and a labor organization representing its employees. Next Steps for Employers.
The new law legalizes cannabis possession up to one ounce, as well as cultivation of up to four personal plants per household, but requires that the grower tags their plants with their driver’s license/ID and a note saying that they are being grown for personal use. In July and August of 2020 , there were 257 arrests. View original article.
Legalizing cannabis for adults has been a wise investment. Since 2014 when sales began in Colorado and Washington, legalization policies have provided states a new revenue stream to bolster budgets and fund important services and programs. billion in tax revenue from legal, adult-use cannabis sales. Here’s what they say.
that have legalized both medical and recreational cannabis, while an additional 18 have legalized medicinal use of cannabis only. include Beboe, Dogwalkers, Dr. Solomon’s, Incredibles, Rhythm, and The Feel Collection. Legalization Will Bring More Investment Opportunity. The Top Valuable Cannabis Companies.
The press release stated, “This milestone was achieved nearly two weeks faster in 2024 compared to 2023, when the $1 billion sales mark was not reached until July 10. Additionally, Fiscal Year 2024 saw total cannabis sales exceed $2 billion, which represents an increase from Fiscal Year 2023 ($1.9 billion) and Fiscal Year 2022 ($1.8
Colorado recently passed legislation allowing for “healing centers” utilizing shrooms to start opening as soon as 2024, and Oregon is trending in a similar direction. Other areas that have begun decriminalizing or deprioritizing enforcement of one or more psychedelic substances include: Seattle, WA Washington, D.C.
The 15% excise tax on cannabis sales would remain, and the collection and remittance of that tax would be limited to retail sales beginning January 1, 2023. Gavin Newsom introduced proposed revisions to his 2022-2023 budget proposal, which would eliminate the cannabis cultivation tax rate beginning July 1, 2022. per ounce of flower, $3.00
Given the size and scale of the study, RYAH has developed a custom software solution, using OAuth API-integration to protect the privacy of the participants in the study, with the goal of enabling a fully integrated, patient feedback and data collection capability. billion, servicing nearly 340,000 active patients.
Taxes from adult use cannabis sales, including wholesale taxes and retail taxes at dispensaries, get collected into the Cannabis Regulation Fund, which are then distributed by statute and spent by the fiscal year budget. First, the money flows to administrative expenses by the State agencies implementing cannabis.
California was the first state to legalize medicinal cannabis in 1996, right around the time that Gen Z began to enter society. As a result, those in Gen Z have never experienced a world without some form of legal weed, and they’re more accepting of it than any other age group.
Good afternoon, The Governor’s Office today released a revised 2022-23 state budget proposal, building on the state’s ongoing work to make historic investments in California’s future, including efforts to create a safe, sustainable, and equitable legal cannabis market. million to help expand access to legal retail throughout California.
On June 22, 2021, Connecticut legalized recreational marijuana use by adults 21 years and older. On April 12, 2021, New Mexico saw the legalization of recreational marijuana. Employers can only take employment actions based on contrary federal and state legal requirements (e.g., Retail sales will not begin until January 1, 2024.
states and municipalities burn through their federal coronavirus relief money, taxes on legal weed will help blunt the budget pain. This year, five states—New York, New Jersey, Connecticut, Virginia and New Mexico legalized recreational pot, bringing to 18 the number of states enacting law to regulate and tax cannabis for adult use.
A key turning point came in 1935 with the National Labor Relations Act (NLRA), which gave private-sector workers the legal right to unionize, strike, and collectively bargain for fair working conditions. This push led to significant changes, including the introduction of labor laws designed to safeguard worker rights.
This would be thanks to the Collective Bargaining Act between the National Basketball Players Association (NBPA) and the NBA. If ratified as it is expected to be, the new CBA will take effect in the 2023-2024 season and remain in place until at least 2029.
Ralph Northam expected later this week, Virginia will become the 16th state to legalize cannabis for adult use—although legalization won’t actually take effect until 2024. At least 12 state legislatures have recreational legalization measures on the table right now, which is a typical number for this time of year.
But with only 180 days to gather enough signatures to put it on the 2022 ballot, the group spearheading the Initiative announced they would instead seek to put the Initiative on the 2024 ballot. We’ll see ya at the polls in 2024. We’ll see ya at the polls in 2024. Organization: Shinn Legal. See, e.g., David E.
Cannabis Market Upon Federal Legalization. cannabis legalization (or Tilray’s waiver of such condition).In cannabis legalization (or Tilray’s waiver of such condition).In market when legalization allows.”. Here’s the announcement. Tilray Acquires Majority Position in Amended MedMen Convertible Notes. Prior to U.S.
Cannabis Market Upon Federal Legalization. cannabis legalization (or Tilray’s waiver of such condition).In federal legalization of cannabis, and subject to compliance with applicable laws and stock exchange rules, MedMen will actively explore opportunities to expand MedMen’s footprint across international markets. Prior to U.S.
It’s no surprise that in an industry that could hit $20 billion by 2024 , bandwagon jumpers will try to make a quick buck. Whether they have a touching personal story or they genuinely find joy in helping people, there’s a mentality of ‘a rising-tide-lifts-all-boats’ and a collective goal to protect consumers from bad actors.”.
Welcome back to The Week in Weed, your Friday look at what’s happening in the world of legalized marijuana. John Hickenlooper (D-CO) reintroduced his Preparing Regulators Effectively for a Post-Prohibition Adult Use Regulated Environment (PREPARE) Act , in an effort to “prepare” the government for federal cannabis legalization.
If approved, it would further increase the tax to five percent by 2024. Colorado has garnered a strong history of cannabis sales revenue and tax data since the state’s legalization bill was passed in 2012. The most recent reports of the state’s collection reveal that Colorado has surpassed over $10 billion in total sales so far.
Last year , I predicted there would be no federal cannabis legalization, but that perhaps states would legalize. Is predicting that there would be no federal legalization akin to shooting fish in a barrel? Virgin Islands legalized adult-use cannabis. Which brings us to April and some victories for legalization.
With the recent passage of House Bill 556 and Senate Bill 516 in Maryland, the legalization of adult-use recreational cannabis is set to begin on July 1, 2023. In this blog post, we will address some of the key questions surrounding the new legislation to help you navigate the world of legalized adult-use cannabis in Maryland.
With the recent passage of House Bill 556 and Senate Bill 516 in Maryland, the legalization of adult-use recreational cannabis is set to begin on July 1, 2023. In this blog post, we will address some of the key questions surrounding the new legislation to help you navigate the world of legalized adult-use cannabis in Maryland.
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